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Tron’s BOOK project (WRT) to launch its Dummy Book Network

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Tron’s objective is to decentralize the web completely using blockchain technology. That will allow content creators to monetize their work directly from users instead of relying on the usual central authorities such as Google, Amazon, Youtube, and others. These days, when most of us think about the content, we tend to think about video and audio products but let’s not forget the content source that started everything centuries ago: books.

Tron has not forgotten about books at all, and the content decentralization platform includes a project that deals precisely with them. It’s called the BOOK project, and it includes a token called WRT.

The project is about to release something of a testnet called the Dummy Book Network. The point in the network will be to test the platform’s ebook buying and selling functions using a test token (Testbook) so that the developing team can fine-tune the system that will become the Tron’s Book Network later on when it’s fully functional and viable.

The point is to give the cryptosphere a site like Amazon in which authors will keep all of their royalties and buyers will have an easier, faster, and more reliable way to buy content than in any other of the current publishing platforms. The platform will include games in which users will be able to earn tokens and quizzes for the books they’ve read that will also be rewarded with tokens.

Articles dealing with cryptocurrencies and blockchain technology in the (Dummy) Book Network will enjoy an authenticity system.

According to the project’s white paper, it will work like this:

“Each time a new article about a new token is posted on the Book Network it will be evaluated and will need to pass certain tests before being approved by the system. For example 1.Does this project has a White Paper? 2. Are the developers of the project anonymous or transparent? 3. Is the website of the project well known on social media? 4. Is there contact information to verify the project is legitimate? 13 If TRUE —-> GREEN STAMP if FALSE —> RED STAMP It’s best to be cautious about the Cryptocurrency information provided online if is either trustworthy or giving out false information about a specific project. The System of Authenticity will be similar to a metal detector at an airport. It will detect it automatically and give it a timed electronic stamp of approval in GREEN or rejected with RED. This will give investors and veteran alike peace of mind to avoid an “exit scam” so they do not lose their money to new ICOs out there claiming their project is legitimate.”

Lots of exciting projects are being developed around Tron’s platform, such as the Tron Weekly Journal (Tron Weekly), TronDice, TronBet, and many others. The network is quickly becoming one of the world’s busiest and once Project Atlas is completed, 100 million new users will join the Tron ecosystem through BitTorrent that sooner or later will find their way to join many of the projects currently in development, and many more to come.

Image courtesy of Pixabay.

LoveHearts token migrating to Tron TRC20 technology

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The TRC20 technology is one of two Tron-based cryptocurrency technologies (TRC10 being the other one) that any Tron community member can use to issue his/her very own cryptocurrency or ICO, much in the same way in which Ethereum also allows almost anybody to create a new coin. Even Tronix, which is now independent, started life as an Ethereum-based coin.

Yesterday LoveHearts, a very particular cryptocurrency, disappeared from all decentralized cryptocurrency exchanges because it started the process of migrating from its current technology to Tron’s TRC20. So not to worry, the coin is still there, and it will resume trading as soon as the migration is completed, but you won’t find it in the market for now.

https://twitter.com/LoveHeartsToken/status/1082638587441627136

It’s a digital asset that you can send in a Twitter or Telegram message to anyone you want. “Sending LoveHearts shows you really care” according to the coin’s website.

The project calls its users the “Heart Army” and it encourages them to send some tokens in Twitter instead of just giving likes in Twitter.

You may think this is cheesy at first, but it actually has a use case. LoveHearts has a strategic partnership with HummingPay.io (a remittance service that has also partnered up with Tron), so those LoveHeart tokens can indeed be turned into actual fiat money.

Also, there is the LoveHearts Lounge. It will be an online shop in which you can trade your tokens for goods and services. It will all start with a British sweet manufacturer that is very well known for its involvement in charities and charitable causes. That partnership is supposedly already in the bag, and more agreements are expected to follow soon.

The digital asset’s current supply is of 2 billion tokens after several token burns have taken place.

The TRC20 migration means that LoveHearts will join the Tron ecosystem in full so you’ll be able to trade it at Tron’s decentralized exchange for Tronix (TRX) tokens or for any other of the Tron-based tokens available. That, in turn, will enable you to join many of the other Tron-based projects and websites in which you will be able to do lots of things like playing online games or to gamble online at fair odds.

LoveHearts has been around since October 2018, and it’s been very active since then supporting some charitable causes. It became listed at two exchanges this month, so now it has a price determined by supply and demand.

Further plans for the project include a 60 million token donation to a charitable cause next month, and to keep selling tokens for the next two months until it reaches a 5 million TRX soft cap.

It currently has 130240 users, with 1,131,879,563 tokens in circulation. The total number of coins is 100 billion, but 80% of them are frozen and shall remain so until next year. The available supply is of about 2 billion because 18 billion coins have been burned so far.

It’s anybody’s guess how LoveHearts will do in the cryptosphere. It’s a bit like hallmark cards turned cryptocurrencies, but as long as it’s associated with the Tron token technology, it will be a useful asset for sure.

Image courtesy of PixaBay.

PLAY GOC makes vital announcements for LoveHearts and TRC10 WIN holders

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Part of the recent strides of Tron is the production of a token-based incentivized gaming platform known as PLAY GOC. This is a platform where Tron users can play and create games with their various tokens. At the moment, the platform boasts of 5 live games and a multi-token mining system for its users.

Play GOC platform recently made an important announcement on its official Twitter page for LoveHearts and TRC10 holders that it will pause LoveHearts deposit and withdrawals and TRC10 WIN swaps until TRC10 support resumes. That’s finished now, already. The official statement reads

“The second proposal to allow duplicated names for trc10 tokens is passing, which will cause disruption for trc10 tokens across the network. To prevent errors we are pausing lovehearts deposit and withdrawals and trc10 WIN swaps until trc10 support resumes. ”

The second proposal stated by PLAY GOC from the aforementioned tweet is seen as the change Tron is bringing into its system, and that’s only to prevent big issues that have to do with the withdrawals and deposits of Loveheart tokens. As promised, PLAY GOC paused withdrawals/deposits for a very short time and that’s a done thing as we write this.

https://twitter.com/PLAY_GOC/status/1082832571426197504

PLAY GOC was created towards the end of last year, 2018, but it had some hurdles to jump; the platform has promised that great things will kick off this year. The platform’s Telegram group earlier revealed that mining is being tested and will be ready on the 5th of January, 2019 UTC (so that’s done now, too).

As of today, PLAY GOC users can now mine and play games to earn RWD tokens (or deposit 1 million PLAY or more to get RWD airdrops), which they can redeem for their share of the pot of PLAY, GOC, and TRX. It is necessary for all users to note that the weekly timer of the pot started on Monday.

Subsequently, daily airdrops have started for PLAY holders. One of their official tweets reads,

“Daily $RWD #Airdrops have started for #PLAY Holders! Mining is live in 5 games, first Reward Party soon! Payout is in TRX/GOC/PLAY. Mine and buy tickets, or hold or sell RWD later on #GOC #DEX. play.goc.network/airdrops/#TRX #TRON @Justinsuntron @TronFoundation #crypto.”

It is important to also know that the first mining round is over 60% complete and users are advised to play the 5 live games with TRX, GOC, and PLAY tokens on the platform. Users are also advised to mine RWD tokens and buy tickets to the Reward Party.

More upcoming updates on PLAY GOC

PLAY GOC revealed on its official Twitter page about its intentions to add a new game for all gaming lovers on its platform; the game is called Three Card Poker. It tweeted:

“Three Card Poker now added to coming soon on the $PLAY platform! #tron.”

Furthermore, the platform also stated that there will be a more visual enhancement on its site, customizable user chat names, various bugs fixes, Reward pool page, mining progress page, and FAQ. Also, there will be additional site updates and a whitepaper for the platform.

Overall, there seem to be many updates coming from PLAY GOC and other tokens on the Tron platform more often now. And of course, token holders should stay alerted for important updates on Tron network. Good thing is, TronWeekly is here to keep you updated on all that!

Image courtesy of PixaBay.

Tron (TRX) and Electroneum (ETN) might be the FOMO coins this year

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Against a 12 month long trade, the cryptocurrency market has been gaining a bit of bullish momentum lately. It’s been going up and down in recent days. If market sentiment (which is, in the end, a meaningless jargon term) is ‘anything’ to go by (which is not) then there’s a very doubtful chance that current pump could stand, and, may turn the overall bearish trend of the last 12 months into a bullish one as the new year has started. Over the last few days, BTC volumes have gone up by more than 20%, and bullish volumes rest at 51.4%, at least for now.

So this points to an increasing demand that could end up driving the whole cryptocurrencies market up soon. If the bulls manage to hold the market and FOMO stands, then there are a few digital assets that will benefit most of all. Two of those coins are Tron and Electroneum. In this article, we explain to you why.

Tron’s Tronix (TRX)

If the bulls take over the market, Justin Sun-led Tron (TRX) is in a good position to win more than most other cryptocurrencies. One of the reasons for that is Justin Sun’s (Tron’s CEO and founder) mastery of marketing and public relations. Mr. Sun is a central element in the Tron environment.

He knows how to keep his own community (and the cryptosphere at large) at the edge of their seats by just the adept use of his Tweeter account. Significant announcements about interesting strategic partnerships, new milestones and other achievements for the Tron project are run-of-the-mill news for Mr. Sun, and the Tron community follows.

All that good marketing hasn’t managed to bring TRX’s price up for 12 months, but it managed to make TRX one of the most reliable and profitable coins during 2017 when the bulls ran the market. So when the bulls come back, chances are that Tron will be a big winner yet again, just as it was in 2017.

And that will happen because Mr. Sun’s propaganda will be backed by the market’s positive sentiment. For good or ill, marketing is a powerful force when it’s backed by driving the demand, and nobody in the cryptosphere knows that better than Tron as led by Justin Sun. When FOMO appears in a bullish market, nobody will know how to surf that wave better than Tron.

Electroneum (ETN)

Electroneum is yet another digital asset that will be benefitted from a bull run. It has very solid fundamentals (usefulness and use cases, even more than Tron’s, for the time being) and the project’s marketing is almost as good as Tron’s. The community happens to be very committed to bringing ETN to the real world. Proof of that is the robust showing of Electroneum (ETN) in the run-up to KYC feature introduction.

That characteristic is powerful on its own. Those marketing efforts by the ETN’s leadership and the community had a role in increasing demand. This gives the ETN team a major role in producing the demanding pressure about the token that can end up pushing up the price. And that could signal for the baby steps of a new bull market not just for ETN but for every digital asset.

Electroneum’s aggressive marketing which includes smartphone apps, games, easy mining, and other features that can appeal to every smartphone user in the world instead of the usual nerds or enthusiasts can make all the difference in the world (the crypto-world, to be more specific). On top of that, it could end up being really useful when it comes to instant and micropayments.

Is technology determinant in crypto? It is. Just look at Bitcoin, which is the oldest technology in crypto, but it’s solid, reliable, and it remains the mother of all blockchains. But what about marketing? Does it matter?  It does as well, and nobody does it better than Tron and Electroneum. Do you want proof? Those two coins have been the biggest winners over the last week. You think that means nothing? You’ll be surprised.

Image courtesy of PixaBay.

Stellar (XLM) vs. Tron (TRX): Is a new crypto feud starting?

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Jed McCaleb has built a reputation for himself over the years. He founded Ripple Labs, Mt. Gox, e-Donkey and, more recently, Stellar Lumens. Yesterday, he told Yahoo finance that Tron is “just garbage.” He also said his interviewer that, even with the year’s turbulence, the crypto market is going well.

Over the telephonic interview, Mr. McCaleb was asked what he takes away from crypto independently of the price. He answered that the way in which capital is invested in crypto projects is “wild to watch.” He added that a reduction in market capitalizations and token prices things would smooth out.

“One of the nice things that comes with the market calming down—I still say it’s not a bear market—it means there’s less of that. Ninety percent of these projects are B.S. I’m looking forward to that changing. Things like Tron, it’s just garbage. But people dump tons of money into it, these things that just do not technically work.”

It’s anybody’s guess why Mr. McCaleb chose to pick at Tron which is actually an interesting project. Tron has already outperformed Ethereum as a platform for actual smart contracts development and usage, which almost nobody could have predicted a year ago.

That is no mean feat as Ethereum was the blockchain that created the smart contract technology and even Tron came to life as a project running over the Ethereum network. Stellar Lumens itself still has no smart contract development platform that can compete with Ethereum, let alone Tron. Mr. Macaleb did not explain himself about calling Tron “just garbage.” This will probably leave many neutral observers in the cryptosphere scratching their heads.

Stellar’s marketing is poor

Mr. McCaleb had to answer an uncomfortable question. Do people generally know what Stellar Lumens is? He answered he didn’t think so.

“I don’t think they do. We’ve done a pretty poor job of marketing it and telling the world what Stellar is about. I think they have a vague notion that it’s for payments, but I don’t think they know the details and the real power of it. We’re hoping to change that in 2019, but it’s a process.”

It’s quite clear that most people in the world, even technical people with university degrees have little or no idea of what blockchain technology is. They have no idea about how Bitcoin works, not to mention Stellar which is nowhere near as famous.

Majorities have no interest so far in blockchain banking offerings. Most people in the world still prefer to use their credit or debit cards to settle payments using the USD as the mediating fiat currency. So Stellar’s market is still in diapers, maybe even in fetal stages.

Mr. McCaleb is not alone in going against Tron. Vitalik Buterin, Ethereum’s creator and leader, has also had harsh words for Justin Sun and the Tron network in the past, especially as Tron became an independent blockchain (which previously ran on Ethereum) last May.

Stellar remains on the top ten list of cryptocurrencies by market capitalization. But Tron has recently entered that very same list, in a year that has seen most digital assets lose a lot of value. And Ripple which is very alike to Stellar Lumens in design and functionality (let’s not forget that Stellar came to life as a Ripple fork, which Mr. McCaleb also founded) is already the world’s second largest.

Ripple and Stellar Lumens are considered to be direct competitors because both projects pursue the same markets. Both have scored successes. Ripple has outperformed Stellar in terms of strategic partnerships and integration with banking systems all over the world. But Stellar has secured IBM’s backup, which could end up being critical, as it was for Microsoft 40 years ago.

If we go by transactions, Tron processed 2,845,490 on December 30th. By comparison Stellar did 1,024 over the same time period, and Ripple 396,354.

On hearing Mr. McCaleb’s comment, Justin Sun, Tron’s CEO and founder had this to tweet:

Mr. Sun refers in his tweet to e-Donkey which was a decentralized P2P network that became fashionable at the turn of the century (much like Napster) but ultimately failed. That very network and protocol were founded by Mr. McCaleb. Many P2P networks were online at the time, following e-Donkey’s protocols more or less (e-Mule, for instance), and they have all disappeared now.

They were all substituted by another P2P network called BitTorrent a few years later which is still active today and remains the world’s largest decentralized P2P network in the world. So why is Mr. Sun kind of bragging after Mr. McCaleb’s comment?

Because Tron bought the BitTorrent network a few months ago and it plans to merge it into the Tron blockchain. That merging is called “Project Atlas,” and it’s been on the works for several months already. When it’s completed, every single BitTorrent user in the world will become a Tron community member, whether he knows it or not. And that’s more than 100 million monthly users.

While there is little doubt that Mr. McCaleb created the P2P decentralized networks or Ripple, the fact now is that the P2P world belongs now to Justin Sun and Tron.

It’s clear that Stellar Lumens is a solid project with lots of value as attested by the many strategic partnerships it’s managed to secure. But it still lags behind Ripple, which is just too similar, and poking a stick at Tron is probably not the wisest action Mr. McCaleb has ever taken.

Time will tell if this feud remains as an exchange of a couple of tweets or if it becomes more serious.

We have the utmost respect for Mr. McCaleb, but we can’t understand at all why he had to be so vocal about a project like Tron that is actually working and rendering results.

Image courtesy of PixaBay.

Tron’s fundamentals still strong, TRX bulls mounting

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Things keep happening for Tron. It’s processed more than 100 million transactions already, according to Justin Sun (CEO and founder). The community anticipated zero transaction fees by the Friday that just gone past, 28th.

About a couple of weeks ago, Mr. Sun reported through his Tweeter account that the Tron network has now processed more than a hundred million transactions and that the environment will probably support zero transaction first 21st.

The TRX/USD trading pair has been on the soft side of things since November 29th, after it peaked at the turn of last month. Support for TRX has remained reliable within that near-term demand zone. It has happened since last November 20th and it’s provided comfort for the coin and it’s prevented a free fall that could have brought it down below the one cent limit.

Technical behavior aside, Tron’s fundamentals remain solid as a rock. Mr. Sun keeps the community updated all the time through Twitter. A lot of promise is still held by Tron’s daily transactions and activity.

Tron went over 100m transactions

Mr. Sun went to his account on Twitter, as usual, and announced that the network is over one hundred million transactions. He tweeted:

As you can see above, Sun also provided a screenshot of the platform which provided proof of the transaction numbers.

Two million per day

Mr. Sun has not stopped ringing the bell of Tron’s achievements. The project keeps breaking new records all the time and Mr. Sun is there to let us know. Recently, it went over two million completed transactions per day which are quite impressive in its own but even more so when you compare it with other players, as in this tweet:

‘Zero’ Transaction fees about to arrive.

Keeping his Twitter account alive, Mr. Sun also posted this:

If we take Mr. Sun at face value, then the network will be at 0 (zero) transaction fees by now. And we should because this is a project in which the leadership always delivers.

Tronix vs USD trading pair: Technical analysis

This trading pair might be in for interesting gains if the bulls keep up the current momentum they’ve been providing. The current resistance level needs to be broken if the coin is going to move north and go to $0.022 and up to $0.024. Up until August, $0.016 was the currency’s support level. Breaking that level was a bit of a challenge, taking into account the acting demand. But that happened.

Then there’s the TRX/BTC trading pair which is getting near a game-changing zone. The price had hiccups during August (and October), so it’s not a sure thing at all. A quick look into the daily charts shows that a lot of bears are installed there. That causes for the price to go back down free-falling every time. If that level is cleared, then we should see a renewed tide of ‘buying pressure’ that could change the game.

Image courtesy of PixaBay.

Tron (TRX) gets listed on BBX crypto exchange; the lion is roaring

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What a heartening week this has been for the crypto-sphere. Outliving the intricate era of confusion, bewilderment, and bafflement, the market is now, at last, on its course towards roaring. For the entire week, every other digital currency in the market has gained significant uplift after a dwindling period of one month. Same has been the case with rapidly growing blockchain-based platform, Tron.

At the press time, Tron is shining at the 10th spot in the market and has secured a surge of around 55% throughout the last seven days. The cryptocurrency managed to raise its trading price to $0.020 with a significant uplift in the market capitalization.

That’s not just all, the chances of its glittering are very well there. Why are we so confident about it? Well, for us the answer is the continuous diligent expansions in the Tron’s armor to make it the ever more secure for its prudent community. We will look at those developments a bit later. For now, have a glance at the latest increment to the platform’s armor.

From December 20th, yesterday, Tron is listed on the BBX.com, a crypto-based contract trading platform. The exchange is going to initiate the TRX/USDT trading pair for its users.

In his tweet yesterday, Justin Sun, the Founder and CEO of Tron, shared the advancement with his devoted community by admiring the firm’s secure, swift and easy to trade platform, worldwide.

Just like any critical observer would perceive, the news brought a lot of energy around the community and amplified their passion for their beloved crypto and encouraged them to grab the opportunity that they might be waiting for a while. One observant appreciated the news by saying, Tron is taking some mega price actions and urged his fellows to be prepared for the exuberant voyage. In his words,

https://twitter.com/FernandoLiu5/status/1075348125789900801

Another devoted follower of Tron shared his excitement by committing himself to start trading on the exchange; he commented on the news as follows:

Now, as we discussed earlier, let’s take a brief look on few of the recent developments on the Tron platform, which not only made it the less affected crypto from the last month-long bearing but also helped in shaping it as the next shinning digital currency one should keep an eye for.

One of the major landmarks for Tron is that it has been listed on many top-notch trading platforms (still continuing to do so). Because getting listed on globally famous trading exchanges with favorable pairs provides its community with access to the crypto for trading anytime they wish to, in a secure and speedy environment.

One other project that is being greatly appreciated by the community is its Tron Accelerator Program, with a jumbo fund of $1M to help decentralized applications that are in their start-up phases. As the name of the project implies, the central perspective of the project is to increase the growth of decentralized apps on their platform. In doing so, the Foundation hopes to be reckoned as a catalyst for the adoption of dApps.

Another project that has been massively regarded by the crypto-community is its “Tron Arcade” program with $100M in its pockets, which will be spread throughout three years. The objective of the crypto-authorities is to accelerate its adoption and to improve the gaming wing of the company.

During its launch, the Tron’s head of Business, Roy Liu expressed his vision for the project that it is to help the crypto entering the gaming industry. He went further by acknowledging the rapid growth of the gaming industry. He stated:

“Our mission is to bring the blockchain to the mass market. Games led the way to make smartphones and virtual reality more accessible. Now it’s happening with blockchain”

Image courtesy of Pixabay.

Tronbet, first ever Tron DApp, gets a billion in volume

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Tronbet was the first decentralized application to be deployed in the new, independent Tron main net. Several peculiarities bear mentioning this app. It’s community owned, for a start. Most importantly (and rare) is that it’s fair.

Most betting systems in the world are not fair. No, we’re not saying that betting websites are thieves. They’re not. But they calculate their odds in such a way that winners do not get a return that corresponds to the mathematical probability of winning. The house always offers odds that will allow it to win from 1% to 5% and there’s nothing wrong with that. If the house is not winning something out of every bet (won or lost), then it has no incentive to offer the service to users.

And Tronbet pays you accordingly to the fair mathematical probability, without taking away anything from you so the house can keep going. That in itself is quite extraordinary as online betting or gaming usually is. Also, there are no transaction fees in this app.

It’s being a very successful gaming platform. A couple of days ago, it reached an important milestone by having more than a billion Tronix coins in volume in less than a day.

The community is exceedingly happy about the app because it works and it’s allowing it to earn new coins and having some fun at the same time. It has 2,213 users according to the app’s leadership’s last tweet.

This also shows how optimistic and bullish the Tron community remains about the token’s value, even as the market keeps its price down. The betting app’s volume has been growing exponentially since it came online and it’s gathering more and more interest from the Tron community as well as the crypto community as a whole.

The game is as simple as it is addictive. You just pick an interval from 0 to 99. Then the app will calculate for you the probabilities and odds that a random number will result in a win for you. You place your bet, you roll it, and you find out what happened. Bets are placed in Tron’s native currency (Tronix, TRX), and they are also paid in the said currency.

As Tron aims to decentralize the whole web by means of blockchain technology, the popularity it’s achieved in the community is quite relevant. Tron is now the biggest decentralized network in the world because it includes BitTorrent now. The full integration between Tron and BitTorrent (called Project Atlas) has not been finished in full, but imagine what could happen when it’s finally done.

BitTorrent has about a hundred million users scattered all over the world and, when Project Atlas does its job, each and every one of those users could become a member in the Tron community and also a player of Tronbet. In this context, the gaming app would not be reaching for the sky but the galaxy.

This kind of achievement shows why Tron has been able to keep moving forward even as the market keeps shrinking. Over the last couple of weeks, it’s beaten Cardano and Monero to become the world’s tenth most capitalized cryptocurrency.

Image courtesy of Pixabay.

Bitcoin is sinking so as Tron and others with it. Now what?

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Bitcoin’s been going down all week long. It’s been bad, and it could go as low as 3k in the next few days, despite several days moving sideways. It could remain moving sideways for a while which is terrible for investors that are either buying or selling short. In other words, current market conditions make you damned if you do and damned if you don’t. So what to do now?

In this article, we’ll try to share our perspective with you, but before we try that, we have to remind you that this is not financial advice at all. If you choose to get into Bitcoin or to get out, it has to be your own decision, which should be informed by doing your own due diligence and research.

We will start by acknowledging the elephant in the room. The year has been terrible for Bitcoin. There’s no doubt about that. Next Monday it will be a year since Bitcoin has kept going down constantly (save a few meaningless fluctuations) and it’s lost roughly 80% of its value. This is terrible news for those who bought tokens almost a year ago when it was at its peak. But does it really mean that BTC was a bubble that popped? We don’t think so.

First of all, this has happened it the past. Bitcoin has sunk four times already by more or less the same percentage that it’s lost this year. And every time, it’s managed to recover and skyrocket again, beating every prediction and reaching previously unsuspected heights. Despite the current situation, Bitcoin remains the most profitable asset over the last ten years (and this includes traditional financial instruments such as stocks, forex, and commodities).

Second of all, you and us, and everybody else need to understand that Bitcoin is not just a digital currency. It is, but it’s also an international payment system. In that regard, it’s been (and it remains) incredibly successful. Whatever way the market behaves Bitcoin is moving money around the world at quantities that are comparable to those of MasterCard and Visa.

In other words: it remains a useful resource, and as long as it’s useful, it will be valuable. In fact, the more useful it becomes, the better suited it will be to be independent of speculative pressure which is what is ruining the market for everybody as we write this.

The third is this: for the last decade the crypto market has been in the hands of retail investors because institutional investors have been too afraid to join the action. That is changing. A partnership among Microsoft, Starbuck’s and ICE (the company that owns the New York stock exchange) is about to bring online a new venture called Bakkt.

The new company will strive to offer financial services based on digital assets so that you can pay for your latte using bitcoin on your mobile phone. And this is not the only such initiative. Many big players in Wall Street are getting ready to wet their feet in crypto finally. This will inject a lot of money and demand for Bitcoin tokens, and it will create a bull run the likes of which have not been seen in ten years.

So what to do? Be patient, be intelligent, be disciplined and well informed. Think usefulness and vision of a coin. Tron, for example, has a powerful vision (of decentralizing the whole internet) and incredible real-life use cases – of course, Bitcoin has a strong case too. Consider value before price. Don’t try to win the lottery in a couple of weeks. We can’t tell you when but things will pick up.

Image courtesy of Pixabay.

Tron’s Tronix (TRX) and mass adoption

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Tron has kept advancing at a very fast pace. It’s barely a year old and it’s already released a developer’s toolkit and an accelerator competition that will help quicken the availability of dApps in Tron’s network.

Tom Mao, one of Tron foundation executives, in charge of technical division and writing, recently told CodeXpert that Tron has found a way to solve the scalability problems that have plagued Ethereum and Bitcoin. Those two cryptocurrencies have a massive consensus protocol system that makes them very energy intensive and has centralized the mining activity in a few, powerful hands.

“So what Tron does, what it brings to the table that’s different from Bitcoin and Ethereum – especially different from Ethereum – is that it’s essentially using a very unique delegated proof of stake system where TRX holders have the right to vote for Super Representatives who they feel the best help with the Tron ecosystem and widespread adoption of TRX. So that helps to really democratize and decentralize the power – as opposed to the mining cartels – down to basically you and I who can buy TRX and exercise our voting rights.”

Tron executive added,

“There’s a process to apply to be a Super Representative Candidate (SRC) and the role of a Super Representative (SR) is to produce blocks for the Tron network. But what they really do is they’re trying to help spread widespread adoption of TRX. Make people aware of Tron and TRX. And then also hopefully sponsor projects that create DApps in which TRX is used and adopted.”

Talking about the Tron SRs, Tom said,

“The top 27 Super Representative Candidates become Super Representatives, and the elections are held every six hours.”

Mr. Mao also detailed the recent technical developments, explaining how exciting they are for the Tron community’s growth. He specifically included four major toolkits for coders. Tronbox, Tronstudio, Trongrid, and Tronweb. What are those? Keep reading!

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Tronbox is a framework that allows developers to integrate dApps into the Tron network; Tron studio is an IDE for compiling, testing and deploying smart contracts; Trongrid is a load-balanced API service that allows you to access the Tron blockchain; Tronweb is a colossal API call library that allows for integration with Javascript, Python, and PHP.

He also invited developers to bring their Ethereum dApps into Tron and explained why it’s a good idea in terms of incentives.

Justin Sun, Tron’s founder and CEO has also expressed his interest in having Ethereum projects adopt the Tron blockchain and he explained why: it’s a better network. Cheaper, safer, faster. And some crucial projects (Everdragons, for instance) are taking the invitation seriously and moving to Tron.

Tron has always held the promise to be the definitive Ethereum killer. It hasn’t delivered on that yet, but it’s delivered on everything else so don’t be surprised if, sooner or later, Ethereum loses its developers and users to Tron. Remember that even Tron used to be an Ethereum project that chose to become independent because of all of the problems that have been plaguing Ethereum over months now.

Image courtesy of Pixabay.